Objects of the Issue
| # | Purpose | Estimated Amount |
|---|---|---|
| 1 | Prepayment or repayment of all or a portion of certain outstanding borrowings availed by our Company and one of our Material Subsidiaries, i.e. Avalon Technology and Services Private Limited (“ATSPL”); | ₹145.00 Cr |
| 2 | Funding the working capital requirements of the Company; and | ₹90.00 Cr |
| 3 | General corporate purposes | ₹64.40 Cr |